Daily News Recap: $ 421 Million Loanpal Residential Solar Loans Securitized
Here are some notable cleantech announcements of the day around the world:
Loanpal, an American point-of-sale technology platform for sustainable home solutions, has announcement Loanpal Solar Loan 2021-2 Ltd, sponsored by Goldman Sachs. and Loanpal Solar Loan 2021-2 LLC completed a securitization of approximately $ 421 million of residential solar loans. These loans came from the Loanpal platform previously purchased by Goldman Sachs, GoodFinch, Blackstone Credit and Davidson Kempner Capital Management LP.
Albania is moving fast on plans to meet renewable energy targets, with construction of 12.9 MW floating photovoltaic solar farm, with € 9.1 million in funding loan granted by the European Bank for Reconstruction and Development (EBRD). The farm will be the first floating solar power plant of this size in Albania and the Western Balkans. The power station will be built on the reservoir of the Vau i Dejës hydroelectric power station managed by Korporata Elektroenergjitike Shqiptare (KESH).
The European Investment Bank (EIB) and Brenmiller Energy, an Israeli supplier of industrial energy storage solutions, have sign a financing agreement of 7.5 million euros to support the construction by the company of the first large-scale plant, its bGen storage unit. The loan will allow the company to market the third generation of its heat storage and steam generator system across Europe, North America and Africa, bridging the gap between renewable energy and the conventional energy.
Alexander Dennis Limited (ADL) and BYD UK jointly announcement that their electric vehicle partnership had received a firm order from First Bus for another 126 zero emission buses for Glasgow. Order includes 91 double-decker buses and 35 single-decker buses. All are funded in part by the Scottish Government. The order is the largest ever for electric buses in Scotland.
Magenta, which has developed a unique EV charging solution under its ‘ChargeGrid’ brand, has developed a unique solution designed specifically to solve the complex and multidimensional problems of electric vehicle charging in residential societies where not everyone has dedicated parking spaces.
IIT Delhi has become the first Technical institute funded by central government to reduce its carbon footprint by more than 50%. This was made possible thanks to the recent bilateral power purchase contract concluded by IIT Delhi with a hydroelectric generator in Himachal Pradesh for 2 MW.
Rahul is a journalist at Mercom India. Prior to entering the world of renewable energy, Rahul was the head of the Gujarat office for The Quint. He also worked for DNA Ahmedabad and Ahmedabad Mirror. Coming from a banking and financial background, Rahul also worked for JP Morgan Chase and State Bank of India. More articles by Rahul Nair.